Behind the Galaxy’s façade, the tower for which has been stripped of glass, the wrecking crew is in action and the long overdue demolition of 1285 Sutter Street is underway.
As we first reported last week:
Permits to demolish the long shuttered Galaxy Theater at 1285 Sutter Street and erect a 13-story building with 107 condominiums over 10,000 square feet of retail (Trader Joe’s lease for which expired) and basements for 127 parking spaces were approved last week.
As a plugged-in tipster reports, the site which was purchased by Portland, Oregon based developer Gerding Edlen for $9.25 million (versus an $18 million ask in 2008) has since been fenced off and demolition is imminent.
Once again, if all goes as scheduled, the new building should be construction complete and ready for occupancy and retailing in early 2013. We’ll keep you plugged-in.
∙ 1285 Sutter Approved For Imminent Demolition And Reconstruction [SocketSite]
∙ 1285 Sutter: Fully Entitled, Retail Pre-Leased, And…On The Market [SocketSite]